EUR/JPY Intraday: rebound towards 163.21

Jan 10, 2025 8:43 PM

rebound towards 163.21.

Our pivot point stands at 160.94.
Our preference:
rebound towards 163.21.
Alternative scenario:
the downside breakout of 160.94 would call for 160.09 and 159.58.
Comment:
the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 162.01 and 162.53).
Supports and resistances:
164.23 **
163.72 *
163.21 **
162.70
161.67 last
161.28
160.94 **
160.09 *
159.58 **

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